Despite the numerous partnerships, promotions, and significant financial backing it received from the Saudi Public Investment Fund (PIF), 2024 was mostly a year of stock market struggles for Lucid Motors (NASDAQ: LCID).
Indeed, despite significant volatility and several relatively strong rallies, investors appear to have been more convinced by the discrepancy between Lucid’s promises made at the time of the initial public offering (IPO) and the electric vehicle (EV) maker’s performance.
As Finbold reported on July 9, the company missed its delivery forecast for the first half of 2024 by approximately 90%.
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Still, in the spirit of the New Year and with the hopes Lucid’s efforts will prove fruitful in the future, Finbold consulted with the artificial intelligence (AI) of ChatGPT-4o to try and gauge how LCID stock might fare in 2024.
ChatGPT outlines likely 2025 performance of Lucid stock
Having examined Lucid’s past performance and plans for the new year, ChatGPT quickly concluded that LCID shares will trade with substantial volatility in 2025 but end the year at a higher price.
Specifically, the AI revealed that Lucid stock is likely to struggle in March, particularly should the fourth quarter (Q4) results disappoint. It concluded that March 10, 2025, would witness LCID shares lowest closing price at $2.50 – 17.49% below the press time price of $3.03.
Simultaneously, ChatGPT predicted that August will be particularly strong for Lucid shares as, on the 15th day of the month, they are expected to trade at $5.75 – 89.77% above the press time price.
The AI justified such bullishness by explaining that the EV maker is likely to ramp up production and could benefit from technological breakthroughs by the summer of 2025.
Overall, ChatGPT’s analysis of Lucid stock in 2025 can be described as conservative yet bullish. The model estimated that LCID would be changing hands by nearly $4 throughout the year, but by the end of 2025, it would rally to as high as $5.25.
If such a scenario truly unfolds, it would mean that the EV maker’s shares will have appreciated 73.27% within just 12 months.
Wall Street experts remain pessimistic about LCID shares
In a rather stark contrast to ChatGPT, Wall Street analysts are nowhere near as optimistic about Lucid stock’s performance in 2025. Out of the three most recent price target revisions, only one – provided by RF Lafferty – is bullish as it set its sights at a 12-month climb to $4.
Simultaneously, RBC Capital downgraded the forecast from $3 to $2 and Bank of America (NYSE: BAC) from $3.40 to $2.80.
Finally, it is worth changing that analyst outlook might change, particularly as the most recent price targets were assigned in November 2024.
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